Category: Innovation & Technology

Leading oil and gas companies haven’t exactly been quick to bring their maintenance systems up to date. And with that comes huge risks to the environment, workers, and an organization’s financial state. The 2010 Deepwater Horizon oil spill, for example, killed 11 platform workers and was named ‘the worst U.S. environmental disaster.’ But even if organizations do sidestep calamity, outages...
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In oil & gas, enthusiasm for Industrial Internet of Things (IIoT) is already abundant. But unfulfilled potential abounds. A new study from Bsquare found that while 89% of businesses employ some sort of solution, most deployments remain fairly basic. Since advanced IIoT offers significantly greater ROI, many companies are leaving substantial value on the table. With cost reduction cited as the ......
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Any oil and gas company that has a fleet to help carry out its business knows all too well how hidden expenditures can significantly eat away at profits. From wasted fuel to unnecessary maintenance costs, inexact management of a fleet can bring a heftier price tag. The good news is that it’s easy to pry these types of costs out...
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Microsoft and Halliburton announced plans to enter into a strategic alliance to drive digital transformation across the oil and gas industry. The relationship will combine the expertise of a global leader in cloud and digital transformation with a global leader in exploration and production (E&P) science, software and services. “Halliburton is focused on delivering intelligent cloud solutio... Subscribe and read...
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When discussing ‘attacks’ in the oil and gas industry, the most concern has centred on the digital realm. While we are experiencing a cyber revolution, something that has enabled many industries, including oil and gas, to become more efficient and therefore profitable, it has also exposed them to new threats and vulnerabilities; it’s predicted that by next year, firms in...
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For OEMs that design and build equipment or machinery, the hydraulic systems that drive the elements that lift, push, pull, drill or dig are often outsourced so as to maintain focus on their core competency – the rest of the system. However, sourcing the ideal hydraulic solution can present several challenges. To ensure optimum performance, the hydraulic power unit (HPU)...
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These are indeed defining times for the industry. We sat down with eDrilling’s VP Product Management and Strategy, Morten Svendsen, to hear his views on one of those items often put forward to secure a bright future for us all – namely, digitalization. Digitalization - hot or not? Definitely hot. There is a wind of change blowing in the industry,...
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